March 14, 2013
- in Uncategorized by schooloftrade
FDAX day trading plan
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FDAX day trading plan 2 |
The FDAX is
trading higher this morning in the major bullish price-channel and we can see
symmetry resistance overhead at 8121.4 which will act as a price-magnet to draw
price higher while also acting as a profit-target and location for a possible price-reversal
and short trade entry.
trading higher this morning in the major bullish price-channel and we can see
symmetry resistance overhead at 8121.4 which will act as a price-magnet to draw
price higher while also acting as a profit-target and location for a possible price-reversal
and short trade entry.
We know the
bullish price-channel tells us the high-percentage-trades are buying at the
lows (support) of that price-channel, and we can see a great buying opportunity
at the support level of 7539.0 so we will be waiting for that trading
opportunity in the near future.
bullish price-channel tells us the high-percentage-trades are buying at the
lows (support) of that price-channel, and we can see a great buying opportunity
at the support level of 7539.0 so we will be waiting for that trading
opportunity in the near future.
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FDAX day trading plan |
The entry
chart on the FDAX shows us the buyers appear to be stalled and the sellers are
trying to bring this price-action back below the highs from yesterday. We will
sell short with new lower-lows below the 8026.0 level of support and take our profit-target
in 2 areas below. First target for the
short-sellers is the trend line around 7960 and the second target is down at
the lows from Tuesday 7933.6 support.
chart on the FDAX shows us the buyers appear to be stalled and the sellers are
trying to bring this price-action back below the highs from yesterday. We will
sell short with new lower-lows below the 8026.0 level of support and take our profit-target
in 2 areas below. First target for the
short-sellers is the trend line around 7960 and the second target is down at
the lows from Tuesday 7933.6 support.
